Management Consulting
Aon
Full Credential Description
The Newell Pension Scheme faced the challenge of conducting a member options exercise prior to an insurance transaction, a task complicated by the onset of the COVID-19 lockdown. Despite these difficulties, the scheme achieved remarkable member engagement and received positive feedback throughout the process. Aon provided tailored solutions that included strategic planning and execution of the member options exercise, ensuring that members were well-informed and engaged in their retirement decisions. The approach taken by Aon not only facilitated the completion of the exercise during a challenging time but also enhanced the overall member experience. As a result of Aon's intervention, the Newell Pension Scheme reported high levels of member participation and satisfaction, indicating that the solutions implemented were effective in addressing the unique challenges posed by the pandemic. This case exemplifies how targeted support can lead to successful outcomes even in adverse conditions.